Dentons > Panama City, Panama > Firm Profile


Panama > Projects and energy Tier 3

Dentons‘ wide-ranging practice spans projects, energy, government contracts and public procurement matters, with a strong track record in the development of road, public utilities, healthcare and energy infrastructure projects. Its client base includes a host of major international construction companies, multilateral investment institutions and energy companies. Practice head María del Rosario de Roux stands out for her advice on high-profile public infrastructure projects, while Panama managing partner Gisela Álvarez de Porras brings extensive experience in the public sector (including as director of Panama’s internal revenue service and as Minister of Commerce and Industry). Associate Nicole Goldoni provides capable support in energy and government contracts matters.

Practice head(s):

María del Rosario de Roux

Panama > Banking and finance Tier 4

Lauded for its ‘knowledge, prestige, availability, efficiency and proactivity‘, the Panamanian branch of Dentons leverages the firm’s extensive global network to act as local counsel to an array of leading international banks and development finance institutions on loans granted to domestic borrowers. The team’s expertise in multi-jurisdictional financing transactions extends to the maritime sector, where it frequently advises on mortgages over Panama-flagged vessels. The practice is headed by office managing partner Gisela Álvarez de Porras, who focuses on financial regulatory matters and asset finance. Associate Angie Mei Sánchez stands out for her experience in shipping finance transactions.

Practice head(s):

Gisela Álvarez de Porras


The team stands out for its knowledge, prestige, availability, efficiency and proactivity.

Panama > Corporate and M&A Tier 4

Dentons‘s extensive global network makes it a strong choice to advise international clients; the Panamanian branch frequently joins up with the firm’s offices across Central America and further afield to assist with multi-jurisdictional M&A and due diligence processes. The team also advises on company restructurings, the establishment of operations in Panama, and day-to-day commercial and regulatory issues. Office managing partner Gisela Álvarez de Porras leads the practice, drawing upon extensive experience in Panama’s public sector (including as director of the Internal Revenue Service and Minister of Commerce and Industries). Senior associate Analiz Nieto, who directs the compliance department, and associate Angie Mei Sánchez provide capable support.

Practice head(s):

Gisela Álvarez de Porras

Key clients

Consorcio Industrial de las Américas (COINLA)


Electrónica Médica

Work highlights

  • Advising Consorcio Industrial de las Américas (COINLA), the developer of the Panapark private free trade zone, on its entire corporate operation.
  • Advising investment platform Fortesza on its day-to-day corporate operations, including preparing two trusts.
  • Advising medical supplier Electronica Médica on the regulatory compliance of its entire operation.

Panama > Dispute resolution Tier 4

The ‘creative, astute and agile‘ dispute resolution team at Dentons uses the firm’s vast global network to its advantage, focusing on representing international clients in cross-border disputes with Panamanian law components. The broad practice spans commercial, civil, administrative and shipping litigation, as well as commercial arbitration, with a strong suit in disputes related to public utilities, particularly energy and telecoms. Following the departure of former practice head Fernando Aued in August 2023, the key contacts in the team are Panama managing partner Gisela Álvarez de Porras; María del Rosario de Roux, an experienced litigator with specialist expertise in the public contracting and projects sphere; and associate Nicole Goldoni.


‘I love the prompt responses and accurate and regular updates. The level of service is excellent!’

‘What stands out is the personal attention of Nicole Godoni, who has provided us with a professional service.’

‘Creative, astute and agile team that responds to clients’ needs.’

‘Frequent, easy-to-digest reports.’

‘Timely and reliable service is one of the main elements we consider when choosing a law firm. We have had some experience with other law firms in the same region and this one has met our expectations.’

Central America > Corporate and finance

As the Central American branch of global firm Dentons, Dentons is one of the few firms in the region to have an international presence, making it well equipped to handle multi-jurisdictional transactions. In Costa Rica (where the firm has two offices), real estate and hospitality specialist Eduardo Zúñiga leads the corporate team with Tatiana Reuben. Luis Abundio Maldonado, who also co-chairs the infrastructure practice for Latin America and the Caribbean, is the name to note in Guatemala, while in Honduras Arturo Zacapa heads the team. In Nicaragua, Edgard Torres handles corporate and finance matters, and Daniel Martinez, who has a strong track record in international deals, leads the El Salvador practice. The highly experienced Gisela Álvarez de Porras is the key contact in Panama.

Work highlights

With offices in Costa Rica, Panama, Guatemala and El Salvador, Dentons Mu?oz offers rule of law based access to world-class expertise, capital, technology, best practices and decision makers.

Dentons Mu?oz is committed to improving the world for all by activating the rule of law in the pursuit of better institutions, equality, freedom and economic progress.

Dentons Mu?oz lawyers work in close cooperation within Central America and with Dentons lawyers from all over the world. Dentons Mu?oz handles the most sophisticated and complex transactions in Central America.

On February 27th, 2017, Dentons, the world’s largest law firm, announced the completion of its combination with Costa Rica-based Mu?oz Global, making it the first global law firm to have a footprint across Central America. The combined firm is known as Dentons Mu?oz.

The Panama office is managed by Gisela Alvarez de Porras, a leader in corporate law, mergers and acquisitions and international finance, including vast experience advising in multijurisdictional transactions. Gisela has held several positions in the Executive Cabinet (2004-2009); including Director General of the Internal Revenue Service, Vice-Minister of Finance in the Ministry of Economy and Finance, and Minister of Trade and Industry.

The Panama office joined Dentons Mu?oz officially on February 28th, 2017 with a solid team of talented legal professionals. Ana Lucrecia Tovar de Zarak joined the Firm on March 22nd, 2017 as a partner, and her addition strengthens the Firm’s Banking, Capital Markets and International Finance practices.

On January 2018 Fernando Aued joined the firm as partner and head of the litigation practice. Fernando’s litigation and dispute resolution experience covers civil, commercial, and administrative litigation, commercial arbitration, as well as maritime litigation.

Banking and Finance

Debt financing and loan security packages, Debt restructuring, Issuance of negotiable instruments, Asset securitization, Investment funds and trusts.

Real Estate

Provide ongoing sophisticated advice to residential, commercial or mixed-use developments.


Provide corporate legal counsel on a permanent basis, corporate governance advice and corporate advice to foreign direct investors arriving or expanding their presence. Provide compliance services, including internal investigations and remediation programs.


We provide tax advice and we are confident in defending the interests of our clients in court.

Public Law

We provide rule of law based government procurement advice. We represent the Inter-American Development Bank in designing the Alliance for Prosperity Fund, the largest mixed-capital fund in the history of Central America to develop strategic infrastructure in Guatemala, Honduras and El Salvador.


Through ongoing preventive advice, we balance employer and employee interests, advance the Rule of Law principle, deal with employee protectionism in Central America, understand and deal with the particularities of labor law in each Central American jurisdiction.

Department Name Email Telephone
Banking and finance Gisela Porras
Banking and finance Julieta Rodríguez
Banking and finance Melissa Esther Cortizo
Banking and finance Angie Mei Sánchez
Banking and finance Ana Lucrecia Tovar
Capital markets Ana Lucrecia Tovar
Capital markets Julieta Rodríguez
Regulatory and compliance Julieta Rodríguez
Regulatory and compliance Ana Lucrecia Tovar
Regulatory and compliance Melissa Esther Cortizo
Regulatory and compliance Natalia De Obaldía
Corporate Gisela Porras
Corporate Analiz Nieto
Corporate Julieta Rodríguez
Corporate Angie Mei Sánchez
Corporate Natalia De Obaldía
Employment and labor Gisela Porras
Employment and labor Analiz Nieto
Employment and labor Julieta Rodríguez
Public law/public international law Gisela Porras
Public law/public international law Ana Lucrecia Tovar
Procurement Gisela Porras
Procurement Ana Lucrecia Tovar
Real estate Gisela Porras
Tax Gisela Porras
Trusts, estates and wealth preservation Gisela Porras
Maritime Angie Mei Sánchez
Energy and infrastructure Ana Lucrecia Tovar
Energy and infrastructure Gisela Porras
Energy and infrastructure Fernando Aued
Litigation and dispute resolution Fernando Aued
Government Gisela Porras
Government Alma Latorraca
Government Ana Lucrecia Tovar
Energy Alma Latorraca
Financial institutions Julieta Rodríguez
Financial institutions Ana Lucrecia Tovar
Communications Alma Latorraca
Mining Gisela Porras
Transportation Alma Latorraca
Transportation Angie Mei Sánchez
Other fee-earners : 5
Total staff : 17+
Partners : 3